RMO No. 35-2008 — Creates and modifies the Alphanumeric Tax Code of selected revenue source per Revenue Regulations No. 30-2003 Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City November 13, 2008 SUBJECT REVENUE MEMORANDUM ORDER NO. 35-2008 TO : Creation and Modification of Alphanumeric Tax Code (ATC) of Selected Revenue Source per Revenue Regulations No. 30-2003 : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. Objective : To facilitate the proper identification and monitoring of tax payments as implemented by Revenue Regulations No. 30-2003 dated December 12, 2003, Increasing the Withholding Tax Rates on Certain Income Payments and for the inclusion on BIR Form No. 1601-E, the following ATCs are hereby created and modified: Subject to Creditable Withholding Tax: MODIFIED/NEW EXISTING (per ATC Handbook) ATC Description Tax ATC Description Tax Rate Rate WI 141 Payments to medical practitioners 10% Payments to medical practitioners by through a duly registered a duly registered professional 10% professional partnership for the partnership for the practice of the practice of the medical profession medical profession WI 141 i) if the current year's income payments to the medical practitioner is P720,000 and below WI 142 ii) if the current year's income 15% payments to the medical practitioner exceed P720,000 Payment to partners in general Payment by the general professional partnerships professional partnerships (GPP) to WI 152 i) if the current year's income payments for the partners is its partners P720,000 and below 10% WI 152 i) if the current year's income 10% WI 153 ii) if the current year's income payments for the partners exceed payments to the partners is P720,000 P720,000 and below 15% WI 153 ii) if the current year's income 15% payments to the partners exceed P720,000

II. Repealing Clause : This Revenue Memorandum Order revises portions of all other issuances inconsistent herewith. III. Effectivity : This Revenue Memorandum Order shall take effect immediately. (Original Signed) SIXTO S. ESQUIVIAS IV Commissioner of Internal Revenue B-3